host: alan viard? guest: i think he is talking about owner occupied homes, where we do tax the capital gains. provided you have lived in the home for two years. there really is a zeal to tax capital gains, so why not that? there are capital gains on some sales, and part of that does reflect the earnings of the corporation that they have received and generally pay tax on. just as with dividends, you have a double tax issue. the best way to describe that would be the corporate tax. of all the complexities and inefficiencies in how it is applied, it is taxed aggressively at the individual level. as long as there is a corporate tax in place, even though there are some who are not paying, it is a mistake to say that it should not be fully taxed. differences do arise with things like capital gains, but if you want to talk about double taxing capital gains, you are putting a penalty on investment and encouraging corporations to issue debt and make the economy more fragile. host: rebecca wilkins? guest: capita